Diana

Status: Paid Back

$275.00		Loan Request
$275.00		Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name and location be undisclosed)

Name:	Diana
Location:	Location Undisclosed, Peru
Activity:	Retail

About the Loan

Loan Amount:	$275.00
Loan Use:	Purchase more products for her small store
Repayment Term:	7 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Jan 16, 2009
Date Disbursed:	Dec 19, 2008
Date Funded:	Jan 16, 2009
Loan Ended:	Jul 15, 2009

About the Field Partner

Field Partner:

EDAPROSPO

Field Partner Risk Rating:

(Learn more)

Active

22 months

1823

$540,625

2.61%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Peru
Avg Annual Income:	$6,715.00
Currency:	United States Dollars (USD)

Diana is a young mother of two children, an 11 year old boy and a 7 year old girl. A year and a half ago, in order to help her children with their school expenses, she talked to her husband about how to generate an extra income. This way, she decided to start selling candy. After some time, she also began selling beverages, such as sodas and water.

Little by little, her business began to grow, but she states that there’s still a lot to do. She currently re-invests all her earnings. In the future, she would like to build facilities outsider her house for her store, as currently her store is in the open air.

Translated from Spanish by Jimena Lopez, Kiva Volunteer

Diana es una madre joven de dos niños, uno tiene once años y la segunda, siete. Hace un año y medio, con el objetivo de ayudar a sus hijos con los gastos de sus estudios, hablo con su esposo sobre cómo podría generar ingresos extras al hogar. Es así que se anima a vender al inicio solo golosinas. Luego de un tiempo empezó a vender también bebidas como gaseosa y agua.

Poco a poco ha ido creciendo en su negocio, pero ella afirma que aún le queda mucho por hacer. Actualmente ella dedica sus ganancias a la reinversión. Más adelante le gustaría construir fuera de su casa un ambiente para su tienda ya que por ahora vende a la intemperie.

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Journal entries for Diana

Loan has been disbursed Entrepreneur: Diana Location: Location Undisclosed, Peru Thank you for your loan. It has been disbursed to Diana by EDAPROSPO in Peru. We are excited to watch this business grow. Over the 5 months of this loan, EDAPROSPO will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Location Undisclosed, Peru Jan 17, 2009
Comment on this entry

Update on your loan administered by Kiva Field Partner EDAPROSPO Entrepreneur: Diana Location: Location Undisclosed, Peru During a routine audit of Field Partner EDAPROSPO, Kiva discovered a number of discrepancies between the information posted to the Kiva website and what actually occurred on the ground. Specifically, many loans uploaded to the website before December 2008 contain inaccurate loan amounts, terms and/or loan uses. This is in violation of Kiva policy, and as such, as soon as we were alerted to a possible violation we placed EDAPROSPO on "pause." After placing them on pause, Kiva proceeded to execute a complete verification of every loan EDAPROSPO posted to the Kiva website; in total we examined 757 loans. As a result of our audit, we have discovered that 52% of the loans posted to the Kiva website by field partner EDAPROSPO contain data inaccuracies. 98% of these inaccuracies pertain to loans posted to the Kiva website before December 2008, when EDAPROSPO was under a different management team. After significant management turnover at the end of 2008, almost all loans on the Kiva website contain complete and accurate information and these loans comprise only 2% of the total discovered inaccuracies. You are receiving this email as we wanted to alert you that, after our verification efforts, Kiva cannot confirm that the specific loan you funded was actually disbursed. We can, however, confirm that the person you lent to is an EDAPROSPO borrower. Because EDAPROSPO has decided to guarantee all loans made on Kiva, you have continued to receive repayments on schedule. Because the new management team has proven that they are committed to providing accurate and transparent information to the Kiva website, and because they have repaid almost all of the inaccurate loans on-time, Kiva has decided to re-open the Kiva-EDAPROSPO relationship. During this new "pilot" phase on Kiva, we will be working closely with the new EDAPROSPO team, including their internal and external auditors, to continually verify new EDAPROSPO loans posted to Kiva, and if we are alerted to any new inaccuracies we will pause their relationship with Kiva and follow-up accordingly. If you have any questions, please visit Kiva's Help Center at http://www.kiva.org/about/help.
Posted by Michelle May Kreger, Kiva Staff, from San Francisco, United States Jul 11, 2009
Comments (4)

Repayment Schedule for Diana

Show Advanced

	Expected Repayments	Actual Repayments	Comments
March 2009	$55.00	$55.00	Repayment Received
April 2009	$55.00	$215.93	Repayment Received
May 2009	$55.00	$0.00	Repayment Received
June 2009	$55.00	$0.00	Repayment Received
July 2009	$55.00	$0.00	Repayment Received
August 2009	$0.00	$4.07